The projected full-year outcome reflects continued recovery efforts following a difficult first half marked by operational headwinds, supply chain constraints, and factory underutilisation that generated a first-half reported net loss of $80.6 million and an EBITDA loss of $34.7 million. For the full year, Synlait anticipates reported EBITDA to land between -$2 million and -$3 million, while underlying EBITDA is projected to rebound to $36 million–$41 million.

Synlait acting CEO Leon Fung noted that while the final 2026 financial numbers remain far from long-term performance targets, the second-half trajectory shows measurable operational stabilization. Fung stated that management remains focused on executing the company’s recovery roadmap, resolving legacy structural inefficiencies, and restoring core processing and canning efficiencies.

The full-year forecast remains subject to the completion of year-end procedures, including external auditing, formal asset impairment testing, and the final settlement of Synlait’s base farmgate milk price for the 2025–2026 dairy season. Additionally, Synlait clarified to the market in mid-August that it is not engaged in any discussions with The a2 Milk Company or Fonterra regarding a take-private transaction.